First Internet Bank

A premier provider of online banking services nationwide, First Internet Bank of Indiana opened for business in 1999 as the first state-chartered, FDIC-insured institution to operate solely via the Internet. With customers in all 50 states, First Internet Bank offers consumers services including checking, savings, money market, health savings, certificates of deposit and IRA accounts as well as consumer loans, residential mortgages, residential construction loans and home equity products. For commercial clients, it provides commercial real estate loans, commercial and industrial loans and treasury management services. The bank is a wholly owned subsidiary of First Internet Bancorp (NASDAQ: INBK).
Fishers, US
Size (employees)
152 (est)
First Internet Bank was founded in 1999 and is headquartered in Fishers, US

First Internet Bank Office Locations

First Internet Bank has an office in Fishers
Fishers, US (HQ)
11201 Usa Pkwy

First Internet Bank Metrics

First Internet Bank Financial Metrics

Revenue (2016)

$73 m

Revenue growth (2015-16), %


Gross profit

$53.8 m

Gross profit margin (2016), %


Net income (2016)

$12.1 m

Market capitalization (28-Apr-2017)

$192 m

Closing share price (28-Apr-2017)


Cash (31-Dec-2016)

$39.5 m
First Internet Bank's current market capitalization is $192 m.
First Internet Bank's revenue was reported to be $73 m in 2016
FY, 2013FY, 2014FY, 2015Y, 2016


$25.5 m$31.2 m$41.4 m$73 m

Revenue growth, %


Cost of goods sold

$10.7 m$19.2 m

Gross profit

$30.8 m$53.8 m

Gross profit Margin, %


Operating expense total

$25.3 m$31.5 m


$28.8 m$35.4 m

EBIT margin, %


Pre tax profit

$13.7 m$18 m

Income tax expense

($2.3 m)$1.2 m$4.7 m$5.9 m

Net Income

$4.6 m$4.3 m$8.9 m$12.1 m
FY, 2013FY, 2014FY, 2015FY, 2016


$53.7 m$28.3 m$25.2 m$39.5 m

Accounts Receivable

$2.9 m$2.8 m$4.1 m$6.7 m



$7.1 m$7.1 m$8.5 m$10 m


$4.7 m$4.7 m$4.7 m$4.7 m

Total Assets

$802.3 m$970.5 m$1.3 b$1.9 b

Accounts Payable

$102 k$97 k$117 k$112 k

Retained Earnings

$21.9 m$25.1 m$33 m$43.7 m

Total Equity

$90.9 m$104.3 m$153.9 m

Financial Leverage

8.8 x12.2 x12 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$4.6 m$4.3 m$8.9 m$12.1 m

Depreciation and Amortization

$2.3 m$1.9 m$1.9 m$3.8 m

Accounts Receivable

($708 k)


Accounts Payable

Cash From Operating Activities

$41.5 m$2 m$10.9 m$26.5 m

Cash From Investing Activities

($185.4 m)($186.7 m)($304.2 m)($586.7 m)

Long-term Borrowings

($22 m)($95 m)

Dividends Paid

($450 k)($1.1 m)($1.1 m)($1.2 m)

Cash From Financing Activities

$165.1 m$159.3 m$290.1 m$574.6 m

Interest Paid

$8.1 m$8.9 m$10.7 m$19.2 m

First Internet Bank Market Value History

First Internet Bank Online Presence

First Internet Bank News

First Internet Bank Company Life

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